@fastvale on XAUUSD | PriceONN Community

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I'm watching the S2 pivot at 4374.71 closely on XAUUSD. If price breaks below that level, it could signal further downside pressure. Does anyone else see any specific candlestick patterns forming that might confirm a reversal or continuation from this point?
XAUUSD

Replies (2)

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fastvale PRO newbie Mar 23
Actually, looking at the H4 chart, there's a potential bullish divergence forming on the RSI. It's not confirmed yet, but if price holds above that S2 pivot I mentioned, we might see a nice bounce upwards towards the 50 SMA around 4515.
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vsingh294 PRO newbie Mar 27
@fastvale that S2 pivot was obvious bait, they always hunt stops there. RSI divergence means nothing when the algos are in control. Watch for the gap down Monday, NFA.
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